4. Processing methods a.are the means by which the accounting system collects, summarizes, and reports accounting information b.are the policies and procedures that protect assets from misuse c.ensure that business laws and regulations are followed d.must be computerized
4. Processing methods a.are the means by which the accounting system collects, summarizes, and reports accounting information b.are the policies and procedures that protect assets from misuse c.ensure that business laws and regulations are followed d.must be computerized
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
Problem 21CYBK
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4.
Processing methods
a.are the means by which the accounting system collects, summarizes, and reports accounting information
b.are the policies and procedures that protect assets from misuse
c.ensure that business laws and regulations are followed
d.must be computerized
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